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Opening a Bank Account in Singapore
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Ramjade
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 Feb 20 2022, 06:31 PM
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QUOTE(tankteam @ Feb 20 2022, 06:08 PM) @Ramjade @GalaxyV Hi Ramjade, https://forum.lowyat.net/index.php?showtopi...ost&p=103009039You have told me from previous post above that this method was 5 years ago. That's why I am asking if anyone have updated news / methods. Not sure if your method still valid today. Have anyone tried recently? Once the VTL is open, just make a trip there. The worse is they prevent you from opening account. The best is you get your account. For me, last time was try my luck. I was prepared for the worst outcome and to my surprise they let me open especially when I am student without any employment. |
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jack2
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Feb 20 2022, 06:36 PM
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QUOTE(tankteam @ Feb 20 2022, 06:08 PM) @Ramjade @GalaxyV Hi Ramjade, https://forum.lowyat.net/index.php?showtopi...ost&p=103009039You have told me from previous post above that this method was 5 years ago. That's why I am asking if anyone have updated news / methods. Not sure if your method still valid today. Have anyone tried recently? Go, sure can get open de |
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clovercliff
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Feb 22 2022, 10:51 AM
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Getting Started
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i could open an account with only using my passports
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esyap
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Feb 22 2022, 01:48 PM
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Getting Started
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QUOTE(clovercliff @ Feb 22 2022, 10:51 AM) i could open an account with only using my passports You mean open with DBS, Marina Bay? Any min amount required? Thanks |
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Ramjade
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Feb 22 2022, 02:28 PM
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QUOTE(clovercliff @ Feb 22 2022, 10:51 AM) i could open an account with only using my passports Does the requirement to open DBS Vickers still stand or now don't need to open DBS Vickers? |
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clovercliff
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Feb 23 2022, 03:07 AM
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Getting Started
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QUOTE(esyap @ Feb 22 2022, 01:48 PM) You mean open with DBS, Marina Bay? Any min amount required? Thanks SGD500 deposit min, after that require maintain 500 otherwise u're being charge for SGD2/month |
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clovercliff
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Feb 23 2022, 03:07 AM
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Getting Started
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QUOTE(Ramjade @ Feb 22 2022, 02:28 PM) Does the requirement to open DBS Vickers still stand or now don't need to open DBS Vickers? dont need |
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Ramjade
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Feb 23 2022, 09:36 AM
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QUOTE(clovercliff @ Feb 23 2022, 03:07 AM) That's good to hear. How much did they ask to open account? |
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clovercliff
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Feb 24 2022, 10:40 AM
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Getting Started
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QUOTE(Ramjade @ Feb 23 2022, 09:36 AM) That's good to hear. How much did they ask to open account? only require SGD500 |
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tankteam
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Feb 24 2022, 09:16 PM
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New Member
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QUOTE(clovercliff @ Feb 24 2022, 10:40 AM) Just to confirm. You are Malaysian and not working or studying in Singapore? Open the DBS account in HQ or which other branch? Did they ask your purpose of account opening? What’s your answer to them? When did you open the account? |
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clovercliff
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Feb 25 2022, 02:06 PM
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Getting Started
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QUOTE(tankteam @ Feb 24 2022, 09:16 PM) Just to confirm. You are Malaysian and not working or studying in Singapore? Open the DBS account in HQ or which other branch? Did they ask your purpose of account opening? What’s your answer to them? When did you open the account? not a student, open at jurong point branches. I just said open for future might use for investment SG stock |
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Ramjade
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Feb 25 2022, 07:43 PM
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QUOTE(clovercliff @ Feb 25 2022, 02:06 PM) not a student, open at jurong point branches. I just said open for future might use for investment SG stock Are you working in Singapore? |
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clovercliff
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Feb 27 2022, 01:06 AM
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Getting Started
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QUOTE(Ramjade @ Feb 25 2022, 07:43 PM) Are you working in Singapore? nope, as tourist visiting Singapore |
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tankteam
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Feb 27 2022, 07:46 AM
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New Member
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QUOTE(clovercliff @ Feb 27 2022, 01:06 AM) nope, as tourist visiting Singapore When did you open the account? |
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clovercliff
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Feb 27 2022, 02:46 PM
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Getting Started
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before covid, 2018
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Lon3Rang3r00
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Mar 2 2022, 04:03 PM
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Hi, I wanted to open CIMB SG account for IBKR usage, for the initial S$1000 deposit, i wonder is it still workable to transfer like S$50 from Malaysia Bank account to CIMB SG while remaining using S$950 from Wise? just to save a little from using the Fx rate.
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no6
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Mar 2 2022, 06:46 PM
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QUOTE(Lon3Rang3r00 @ Mar 2 2022, 04:03 PM) Hi, I wanted to open CIMB SG account for IBKR usage, for the initial S$1000 deposit, i wonder is it still workable to transfer like S$50 from Malaysia Bank account to CIMB SG while remaining using S$950 from Wise? just to save a little from using the Fx rate. yes can. sgd1 via cimb my, sgd999 via wise |
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DS51
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Mar 2 2022, 07:10 PM
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QUOTE(Ramjade @ Feb 20 2022, 06:31 PM) Once the VTL is open, just make a trip there. The worse is they prevent you from opening account. The best is you get your account. For me, last time was try my luck. I was prepared for the worst outcome and to my surprise they let me open especially when I am student without any employment. nowadays bank more strict 🤣😅 |
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Davidtcf
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Mar 3 2022, 05:55 PM
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good for others here to know if you have not already.. I send a ticket via the CIMB SG website to ask about inactive account. Below is their reply: QUOTE CIMB At Your Service
5:45 PM (6 minutes ago)
to me
Dear Sir/Mdm
Thank you for your email of 1 March 2022.
We wish to inform that an account will turn into inactive status when there are no deposits or withdrawals performed by the account holder. Savings account will turn inactive/dormant after 36 months and Current account will turned inactive after 12 months. Please be assured that your funds are still in the account and will continue to earn interest.
You will not be able to transfer funds via internet banking or withdraw funds from ATM card (if applicable).
The simplest method to activate the account will be to transfer any amount from your other bank's internet banking to your CIMB Account. Upon receiving your transfer, your account will be activated the following day.
There are no charges for dormant account.
Alternatively, please provide us your preferred contact number and time of contact between 9.00am to 7.00pm (Singapore Time) to reach you. We will arrange for a customer service executive to contact you in order to assist regarding your activation of account enquiry.
Should you require further assistance on this matter, please feel free to call us (open Mondays to Sundays between 9am and 7pm). You may visit our official CIMB Singapore website for our banking hotline number or reply to this email.
We look forward to serving you again soon.
Fred Huin
CIMB At Your Service
Consumer Banking Singapore So much better than Malaysia's - after 12 months saving account becomes inactive (6 mths for current account). Malaysia should learn this from Singapore. Inactive accounts will have their excess money transferred to "unclaimed" which you will then need to contact the gov to collect (very leceh steps according to a local bank that I just asked). This post has been edited by Davidtcf: Mar 3 2022, 05:56 PM |
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Medufsaid
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Mar 3 2022, 06:32 PM
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there's pro and cons... quite a few banks have fall-below fee so you have to be careful when picking a bank (e.g., if your average monthly balance is below S$500 there's a $2 monthly service charge) https://dollarsandsense.sg/4-banking-accoun...singapore-know/in my case, want to close my acct there also think twice bcos if want to reopen again, the fall-below threshold will be $1000  This post has been edited by Medufsaid: Mar 3 2022, 06:34 PM |
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